Ahead of the hearing, hundreds of brokers gathered to voice their objections at a rally organized by the Real Estate Board of New York, the industry’s powerful lobbying group. Through hours of ...

A new law to eliminate broker fees for most NYC tenants is set to begin, with the Real Estate Board of New York attempting to delay its implementation through a court challenge.

The hefty one-time payments, known as broker fees, are ubiquitous in New York but nearly unheard of anywhere else. In most other cities, landlords cover the commission of agents working on their ...